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Seller's Market? Consider New Construction Homes
Most of the country is experiencing a very tight real estate market. Inventory levels are historically low, perhaps owing to the concern of strangers traipsing through the home during this time. Additionally, because most people are staying home, they have been able to focus on their property and how it fits into their lifestyle, emphasizing the need to right-size their environment.
Most of the country is experiencing a very tight real estate market. Inventory levels are historically low, perhaps owing to the concern of strangers traipsing through the home during this time. Additionally, because most people are staying home, they have been able to focus on their property and how it fits into their lifestyle, emphasizing the need to right-size their environment.
With properly-priced homes moving quickly off the market, homebuyers are frustrated. For those who can be flexible with their timing, new construction offers an appealing alternative to the resale market. New construction offers the buyer a fresh, blank canvas on which to create their perfect home. In any market, this can be appealing, but when resale inventory is low, this is even more attractive. Yet, new construction is more than modern floorplans and beautiful finishes. Before buying new construction, it’s important to ask a few questions first:
• How long will the property take to build, and what possible delays could affect that timeframe? How does that timeline fit in with selling your current home or finding interim housing?
• Is your completion date affected by the sale or occupancy of other units or phases?
• What is included in the base unit and what are the additional costs for custom add-on options?
• What are the HOA (homeowner’s association) fees and what do they cover?
In addition, it’s important to understand the exact location of the new home and any planned developments or improvements which could affect the home in the future – road-noise, parking or traffic congestion, view, etc.
For those trying to compete in this resale seller’s market, it could be time to buy new. Developers are offering some great incentives in this climate, and it can be a great alternative for those with a little time to wait.
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Unique Homes of the World - Windsor England
The Crooked House of Windsor
Background: Construction of this house dates back to 1592, but it didn’t acquire its trademark slant until 1718, when the structure was rebuilt using unseasoned green oak.
Why It’s Unique: Sure it’s slanted, but what really makes the house stand out is that its basement had a secret passage to Windsor Castle, one of the official residences of the UK’s royal family. According to the house’s website, the passage was allegedly used for trysts between King Charles and a mistress, as well as for running supplies to the castle’s kitchen. The passageway has since been sealed off. Through the centuries, the crooked house has been the home to various businesses, including a brewery and jewelry shop. It is now a restaurant.
Ready to sell your unique home so you can start a new project. Give me a call and let's see how much your home is worth. Laura Key 310.866.8422 or visit me on Facebook and Like my page and obtain valuable info about the market. www.Facebook.com/RealtyGoddess